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Boomer Socialism

"Skeptical older voters might see little here but a list of fantastical promises that are utterly out of step with American traditional and modern capitalism. Socialism remains deeply unpopular among Americans born before 1975. Even in the Democratic Party, Sanders polls 30 points better among Americans under 45 than those over 65.

But the irony is that these old anti-socialists already live in a wonderland of government generosity that bears a passing resemblance to the socialism they so dread.

The federal government already guarantees single-payer health care to Americans over 65 through Medicare. Senior citizens already receive a certain kind of universal basic income; it’s called Social Security. While elderly Americans might balk at the idea of the government paying back hundreds of billions of dollars in student debt, they are already the grand beneficiaries of a government debt subsidy: The mortgage-interest deduction, a long-time staple of the federal tax code, effectively compensates the American homeowner (whose average age is 54) for their mortgage debt, thus saving this disproportionately old group approximately $800 billion in taxes owed to the federal government each decade. The economist Ed Glaeser has likened these policies to "Boomer socialism.""

https://www.theatlantic.com/ideas/archive/2020/01/boomers-have-socialism-why-not-millennials/605467/?utm_medium=offsite&utm_source=yahoo&utm_campaign=yahoo-non-hosted&yptr=yahoo

Boomers are a generation of hypocrites.
 
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PhilFish

Administrator
Staff member
"Skeptical older voters might see little here but a list of fantastical promises that are utterly out of step with American traditional and modern capitalism. Socialism remains deeply unpopular among Americans born before 1975. Even in the Democratic Party, Sanders polls 30 points better among Americans under 45 than those over 65.

But the irony is that these old anti-socialists already live in a wonderland of government generosity that bears a passing resemblance to the socialism they so dread.

The federal government already guarantees single-payer health care to Americans over 65 through Medicare. Senior citizens already receive a certain kind of universal basic income; it’s called Social Security. While elderly Americans might balk at the idea of the government paying back hundreds of billions of dollars in student debt, they are already the grand beneficiaries of a government debt subsidy: The mortgage-interest deduction, a long-time staple of the federal tax code, effectively compensates the American homeowner (whose average age is 54) for their mortgage debt, thus saving this disproportionately old group approximately $800 billion in taxes owed to the federal government each decade. The economist Ed Glaeser has likened these policies to "Boomer socialism.""

https://www.theatlantic.com/ideas/archive/2020/01/boomers-have-socialism-why-not-millennials/605467/?utm_medium=offsite&utm_source=yahoo&utm_campaign=yahoo-non-hosted&yptr=yahoo

Boomers are a generation of hypocrites.

but they paid their loans back...

their houses off..

to some degree..their kids loans...

still carry their kids to the ripe age of 26 on their insurance..

etc..

to whom it may concern: sack up, and carry your load.
 
but they paid their loans back...

their houses off..
With government assistance. Everyone who claims the mortgage interest deduction is a welfare queen.

still carry their kids to the ripe age of 26 on their insurance..
That is a choice individuals decide, the government doesn't force anyone to carry their kids on the insurance till their 26.
to whom it may concern: sack up, and carry your load.
Are you talking to Boomers?
 

Nutty Cortez

Dummy (D) NY
but they paid their loans back...

their houses off..

to some degree..their kids loans...

still carry their kids to the ripe age of 26 on their insurance..

etc..

to whom it may concern: sack up, and carry your load.


Meanie !!!

We just want the exact same things our parents worked for- without working for it.

Why is that SO bad !!!!!!!!!!!!
 

Dawg

President
Supporting Member
All paid for by people you hate from First paycheck until Last paycheck

At 65 "single payer" cost is deducted from the SS check monthly, it's not FREE

At said time in life (65) of the people you hate also must purchase a 'second' insurer to help pay the part that Medicare doesn't Pay that they paid for their entire working lives.

The laughable part, if you live, sooner than later YOU will turn the age of 65.....

:)

 

Dawg

President
Supporting Member
With government assistance. Everyone who claims the mortgage interest deduction is a welfare queen.


That is a choice individuals decide, the government doesn't force anyone to carry their kids on the insurance till their 26.

Are you talking to Boomers?
:) you just jacked your own thread :)

While 'booming' your employer
 
All paid for by people you hate from First paycheck until Last paycheck

Nope, their money went to directly to pay for old people. Social security is not a saving account. What is immediately paid in is immediately given to the old people. It's a ponzi scheme.
At 65 "single payer" cost is deducted from the SS check monthly, it's not FREE
Social security isn't paid for.
At said time in life (65) of the people you hate also must purchase a 'second' insurer to help pay the part that Medicare doesn't Pay that they paid for their entire working lives.
So you think Boomers should get more socialism to pay all their medical expenses. I can get behind that.
The laughable part, if you live, sooner than later YOU will turn the age of 65.....
It's still socialism. Just millennial are capable of calling a spade a spade.
 

RickWA

Snagglesooth
Because I am not welfare queen.
The mortgage interest deduction is taken against INCOME TAXES. A free individual keeping more of his earned income and having less of it taxed away is not welfare. Only the profoundly anti-human statist conflates origination of property and income ownership with the state.

Now if you want to talk about the leeches and parasites who receive more than they pay in (across many programs and entitlements), I’m right there with ya. Pay your own way, slackers! Whether one is a washed up geezer hippie burnout or a young, whiny, entitled little “b-word”...everyone pulls the wagon - no passengers. Get your butts to work and EARN the things you need/want.
 
The mortgage interest deduction is taken against INCOME TAXES. A free individual keeping more of his earned income and having less of it taxed away is not welfare. Only the profoundly anti-human statist conflates origination of property and income ownership with the state.
Nah bruh. The mortgage interest deduction distorts the free market by allowing people to buy more house than they would be able to afford if they weren't welfare queens. It's a government intervention and distortion of the free market. Which means it the preferred policy of every socialist who won't acknowledge they benefit from socialism.
Now if you want to talk about the leeches and parasites who receive more than they pay in (across many programs and entitlements), I’m right there with ya. Pay your own way, slackers! Whether one is a washed up geezer hippie burnout or a young, whiny, entitled little “b-word”...everyone pulls the wagon - no passengers. Get your butts to work and EARN the things you need/want.
I would be fine either way. Either Medicare-for-all or Medicare-for-none. Or social security-for-all(in the form of a UBI) or social security-for-none. Put an end to the age-ist socialist policies.
 

RickWA

Snagglesooth
Nah bruh. The mortgage interest deduction distorts the free market by allowing people to buy more house than they would be able to afford if they weren't welfare queens. It's a government intervention and distortion of the free market. Which means it the preferred policy of every socialist who won't acknowledge they benefit from socialism.

Call it what you like. Paying a lesser...but still very significant (too significant)... tax rate is not welfare. It's my money...I earned it. This becomes welfare only for the slackers who aren't paying. Government doesn't properly have a primary claim on my income or my property.

I would be fine either way. Either Medicare-for-all or Medicare-for-none. Or social security-for-all(in the form of a UBI) or social security-for-none. Put an end to the age-ist socialist policies.

This is where I am typically 'assailed' rhetorically as 'Darwinian' by the hordes of pious collectivists (weenies who are too lazy/cowardly to carry their own weight and/or who project their own selfishness onto others in not trusting private and individual generosity).

Government should favor no one. No citizen should receive more benefit through state dispensation than any other. No affirmative action. No progressive rates of taxation, no higher payouts of benefit relative to personal private holdings...nothing. If you have far more than I do as a result of your personal efforts, habits, and good choices...God bless you. If you receive more than any fellow citizen (whether based on financial need or other criteria), that's unequal protection under the law.


If I had my way, there'd be "Medicare for none". I also have a strong distaste for SS. Coerced interest-free, utterly Ponzified withholdings that are later re-scaled and re-scheduled based on arbitrarily liquid eligibility terms is ridiculous and would cause any private entity wrath-of-God prosecution (rightfully so).
 

PhilFish

Administrator
Staff member
With government assistance. Everyone who claims the mortgage interest deduction is a welfare queen.


That is a choice individuals decide, the government doesn't force anyone to carry their kids on the insurance till their 26.

Are you talking to Boomers?
it's funny....you perceive persons who paid their debt, purchased a home, paid their mortgage, etc as equivalent to those that would shirk their burden from the get go.

Incongruous.
 
Call it what you like. Paying a lesser...but still very significant (too significant)... tax rate is not welfare. It's my money...I earned it. This becomes welfare only for the slackers who aren't paying. Government doesn't properly have a primary claim on my income or my property.

Paying taxes doesn't disqualify one from being on the government dole.
Government should favor no one. No citizen should receive more benefit through state dispensation than any other. No affirmative action. No progressive rates of taxation, no higher payouts of benefit relative to personal private holdings...nothing.

Except for home-owners. They should be taxed less because home-owners are a preferred political constituency.

If I had my way, there'd be "Medicare for none".

I personally favor medicare-for-all because it's the most market oriented solution to combat the price-gouging taking that the health care providers are perpetrating.
I also have a strong distaste for SS. Coerced interest-free, utterly Ponzified withholdings that are later re-scaled and re-scheduled based on arbitrarily liquid eligibility terms is ridiculous and would cause any private entity wrath-of-God prosecution (rightfully so).
I think the disability portion of social security should be privatized with a government mandate to purchase some level of disability insurance.
I think the retirement portion should end completely with a mandate to save a percentage of one's income in a 401k vehicle. The returns would be higher and less ponzi-ish.
 
not a true statement, as the deduction is an after the fact occurrence. (own a home? then you know that is true)
The housing market is subsidized by government assistance in the form of the mortgage interest deduction. People buy bigger houses than they can actually afford because they know the mortgage interest deduction will save them.
It is non-home owners subsidizing homeowners. It's welfare.
 

PhilFish

Administrator
Staff member
The housing market is subsidized by government assistance in the form of the mortgage interest deduction. People buy bigger houses than they can actually afford because they know the mortgage interest deduction will save them.
It is non-home owners subsidizing homeowners. It's welfare.
non answer. they are still paying that mortgage...and it;'s certainly not as impactful as you premise
 
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